Union Bank of Australia Limited, New Zealand, colour trial £50, Wellington

Union Bank of Australia Limited, New Zealand, colour trial £50, Wellington, 1 March 1905, no serial numbers, blue and multicoloured, red SPECIMEN overprints, blue Waterlow seal and four cancellation holes, minor stain, in PMG holder 58, choice about uncirculated and a most handsome example of this stunning Waterlow engraving BNB B223t, Pick S366cts £3,000-£3,600.

Estimate:$4,014.80

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